[Federal Register Volume 69, Number 219 (Monday, November 15, 2004)]
[Proposed Rules]
[Page 65555]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-25324]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-129771-04]
RIN 1545-BD49


Guidance Under Section 951 for Determining Pro Rata Share; 
Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

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SUMMARY: This document cancels a public hearing on proposed regulations 
under section 951(a) of the Internal Revenue Code (Code) that provide 
guidance for determining a United States shareholder's pro rata share 
of a controlled foreign corporation's (CFC's) subpart F income, 
previously excluded subpart F income withdrawn from investment in less 
developed countries, previously excluded subpart F income withdrawn 
from foreign base company shipping operations, and amounts determined 
under section 956.

DATES: The public hearing originally scheduled for November 18, 2004, 
at 10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Sonya M. Cruse of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedures and Administration), at (202) 622-4693 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and notice 
of public hearing that appeared in Federal Register on Friday, August 
6, 2004, (69 FR 47822), announced that a public hearing was scheduled 
for November 18, 2004, at 10 a.m., in the IRS Auditorium, Internal 
Revenue Service Building, 1111 Constitution Avenue, NW., Washington, 
DC. The subject of the public hearing is under section 951(a) of the 
Internal Revenue Code.
    The public comment period for these regulations expired on November 
4, 2004. The notice of proposed rulemaking and notice of public 
hearing, instructed those interested in testifying at the public 
hearing to submit a request to speak and an outline of the topics to be 
addressed. As of Tuesday, November 9, 2004, no one has requested to 
speak. Therefore, the public hearing scheduled for November 18, 2004, 
is cancelled.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedures and Administration).
[FR Doc. 04-25324 Filed 11-9-04; 3:46 pm]
BILLING CODE 4830-01-P